DRG have just enough cash to last up until the end of 2013. Quarterly expenditure and admin estimated at $1.13Mn.
Loss in 2012 Annual Report at $4.6mn.
Trinity are paying $1,325,000 for an additional 15% stake, making 25%, and pay no exploration costs until resource reaches 200mt.
What is happening on the optical side is not mentioned in the last Quarter Report and rather vague in the Annual Report.
Income from converting options is likely to be zero as priced 20c to 70c per share.
Present exploration results appear to be a key here as DRG have no big backer as Aspire have and coal does not come up to the 96%/97% vitrinite level.
current coal stocks, page-8
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